Bank loans to economic sectors up 26% in H1
Iranian banking system has offered 3.821 quadrillion rials (about $90.97 billion) to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-Spetember 22), registering a 26-percent rise from the previous year’s same period, IRNA reported.
According to the data provided by the Central Bank of Iran (CBI), working capital loans paid to different economic sectors were above 2.11 quadrillion rials (about $50.26 billion) accounting for 55.3 percent of the total provided facilities in the said period.
As reported, the total working capital loans provided in the mentioned time span, increased by 250 trillion rials (about $5.95 billion) or 13.5 percent compared to the figure for the past year’s six-month period.
During the said period, the country’s mining and industry sectors received 862 trillion rials (nearly $20.5 billion) in the form of working capital loans, accounting for 40.8 percent of the total such facilities.
Back in April, CBI reported that during the past Iranian calendar year (ended on March 20, 2019) the country’s banking system offered 7.737 quadrillion rials (about $184.2 billion) facilities to domestic economic sectors to register a 26-percent rise from its previous year.
Working capital loans paid to different economic sectors was above 4.319 quadrillion rials (about $102.8 billion) accounting for 55.8 percent of the total provided facilities in the said period, registering a 14-percent increase from the previous year.
source: Tehran Times
Top News
Six last month
Two last year
Bolivia ditches new gold rule within days to curb ‘speculation’
Iron ore price drops toward $100 as China’s latest fix disappoints
China, Indonesia seal $10 billion in deals focused on green energy and tech
Copper price, stocks are being hammered as Trump tariff, China worries mount
Codelco copper production rises in September, Escondida dips
Suitors circle American Eagle Gold as South32 takes 19.9% stake
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Top gold ETF sees largest weekly outflow since 2022 on Trump win
Japan, Peru to agree on cooperation in mineral mining technology
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Lithium in nascent rebound, but long-term outlook is bleak
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus